<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1061566567187268&amp;ev=PageView&amp;noscript=1">
Skip to content

Is there a HUD insurance and minimum reserves requirement?

| Budgets & Finance |  


Question:

My condo association board is citing a 3% across-the-board increase in condo fees for my building was necessary to meet new United States Department of Housing and Urban Development (HUD) insurance and minimum capital reserve funding requirements. I have not been able to find much additional detail on this law. Can anyone shed some light on this or confirm the rationale?


Answers (9)

What are your thoughts on this topic? Please share your answers below. We ask that you remain respectful of each other, and be advised that responses are monitored.
 

Related Posts

What Are The Responsibilities Of New Condo Associations?

Is condo association still responsible if defective new units sold "as is"?

Can Our Condo Association Collect Rent From Absentee Landlord's Tenants?